5/20/12 BP Newsletter: Pacing Your Investments, Increasing Profits, & Speeding Up New Deal Screenings
Hide thisTuesday, April 21
I just thought I'd drop you a quick note to share a fantastic concept I've just come across. Of course you realize that "money talks", right? I mean just the thought of cash or money gets people perked up. Well, check this out. I came across a site that actually customizes realistic looking $5, 10, 20, and 100 dollar bills and puts your business ad on the back! Is that ingenious or what? I couldn't believe it when I saw one, they look SO real and they certainly get attention! I've have already made $5000 wholesaleing a house that the drop card had a seller call me on.
BUE-YAWH
Tuesday, April 21
I laminate bright yellow 8.5 x 11 letter size paper. I bought the laminate machine from Harbor Freight for $15 and 25 sheets of laminate for $5. The message is quick and easy to read "WE BUY HOUSES ###-####" don't need the phone number prefix it takes up to much room. Make it easy to read. You can staple it up to the wood poles or use clear box tape to attach to metal poles. I put them up at car level. Again make it easy to see. It's a cheap, cheap, cheap way to get your message out. The city has never called on those signs to take them down.
~Eric
Monday, April 20
Building a buyers list:
Find your local chapter of "National Association Of Remodeling Contractors" (easy to do online) and call a couple of dozen names on the members roster. Interview them and if it looks like they are rehabbers, say to them:
I'm a real estate investor who buys, renovates, and sells single family houses. I'm very good at finding excellent properties that are candidates for renovation. I often find more properties than I can handle.
In the past, when my plate was full, I'd make note of properties I couldn't handle in hopes of getting back to th owner at a later date.
Now, if I find a property that looks like a profitable deal is that something I should give you a call with?
Most other real estate investors have ignored this segment of the buyer market. Make a couple thousand and leave the lion's share of the profit for the investor doing all the hard work.